Ted Baker’s sales grow despite “challenging trading conditions”

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Ted baker

Ted Baker has seen growth across the board in its third quarter, pushing through “challenging trading conditions” in some of its global markets.

In the 13 weeks to November 11 the retailer saw a 7.3 per cent increase in group revenues and eight per cent on a constant currency basis.

Retail sales jumped 5.1 per cent on a constant currency basis, while ecommerce sales saw significant growth of 30.5 per cent, accounting for 19.2 per cent of total sales. Wholesale revenues also increased 15.4 per cent in constant currency.

“The business has continued to perform well and develop in line with our expectations, reflecting the strength of the brand and the quality of our collections,” chief executive Ray Kelvin said.

“The continued growth in the period, despite challenging trading conditions across some of our global markets, has again been underpinned by our business model and the unwavering focus on product quality and design that are central to everything we do.”

“The reactions to our autumn collections have been positive. While the group’s full-year results will, as ever, be dependent on trading conditions over the important Christmas period, we remain confident of meeting our expectations for the full year.”

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